Equities research analysts predict that United Community Banks, Inc. (NASDAQ:UCBI) will post sales of $116.83 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for United Community Banks’ earnings, with estimates ranging from $114.40 million to $119.00 million. United Community Banks posted sales of $106.16 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.1%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, January 24th.

On average, analysts expect that United Community Banks will report full year sales of $116.83 million for the current year, with estimates ranging from $439.20 million to $445.20 million. For the next year, analysts anticipate that the business will post sales of $509.57 million per share, with estimates ranging from $500.10 million to $525.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for United Community Banks.

United Community Banks (NASDAQ:UCBI) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. The firm had revenue of $109.35 million during the quarter, compared to analysts’ expectations of $114.65 million. United Community Banks had a net margin of 23.09% and a return on equity of 10.31%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.36 EPS.

A number of research analysts have recently issued reports on the company. Zacks Investment Research downgraded United Community Banks from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub downgraded United Community Banks from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $33.00 target price on shares of United Community Banks in a report on Thursday, October 12th. Stephens reissued a “hold” rating and issued a $29.00 target price on shares of United Community Banks in a report on Wednesday, July 26th. Finally, FIG Partners raised United Community Banks from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a report on Wednesday, August 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $31.25.

In other news, EVP Robert A. Edwards sold 11,550 shares of United Community Banks stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $26.06, for a total value of $300,993.00. Following the completion of the transaction, the executive vice president now owns 16,858 shares in the company, valued at approximately $439,319.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.18% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the stock. Riverhead Capital Management LLC raised its position in United Community Banks by 134.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,390 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 3,090 shares in the last quarter. PNC Financial Services Group Inc. raised its position in United Community Banks by 4.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,604 shares of the financial services provider’s stock valued at $210,000 after purchasing an additional 295 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in United Community Banks during the 2nd quarter valued at $211,000. Amalgamated Bank raised its position in United Community Banks by 1.5% during the 2nd quarter. Amalgamated Bank now owns 9,645 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 140 shares in the last quarter. Finally, Karp Capital Management Corp bought a new stake in United Community Banks during the 1st quarter valued at $295,000. 87.18% of the stock is owned by hedge funds and other institutional investors.

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Shares of United Community Banks (NASDAQ UCBI) traded down 2.98% on Monday, reaching $27.31. 345,959 shares of the company were exchanged. The company’s 50-day moving average price is $27.64 and its 200 day moving average price is $27.24. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 18.71 and a beta of 0.87. United Community Banks has a 12 month low of $21.01 and a 12 month high of $30.47.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Friday, September 15th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.46%. The ex-dividend date was Thursday, September 14th. This is a boost from United Community Banks’s previous quarterly dividend of $0.09. United Community Banks’s dividend payout ratio (DPR) is currently 27.03%.

United Community Banks Company Profile

United Community Banks, Inc (United) is a bank holding company. United conducts its operations through a community-focused operating model of separate community banks, which, as of December 31, 2016, operated at 139 locations throughout the Atlanta-Sandy Springs-Roswell, Georgia, and Gainesville, Georgia metropolitan statistical areas, upstate and coastal South Carolina, north and coastal Georgia, western North Carolina, and east Tennessee.

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Earnings History and Estimates for United Community Banks (NASDAQ:UCBI)

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